BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Short Interest Update

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 90,122 shares, a decline of 46.4% from the August 15th total of 168,136 shares. Based on an average daily volume of 386,883 shares, the days-to-cover ratio is currently 0.2 days.

BlackRock Enhanced Equity Dividend Trust Price Performance

Shares of BlackRock Enhanced Equity Dividend Trust stock traded up $0.01 on Thursday, reaching $9.61. The stock had a trading volume of 305,965 shares, compared to its average volume of 468,221. BlackRock Enhanced Equity Dividend Trust has a fifty-two week low of $8.42 and a fifty-two week high of $9.95. The business’s 50-day moving average price is $9.75 and its two-hundred day moving average price is $9.36.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be given a dividend of $0.0619 per share. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend is Friday, December 11th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Western Wealth Management LLC bought a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the 1st quarter worth approximately $28,000. Global Assets Advisory LLC acquired a new position in shares of BlackRock Enhanced Equity Dividend Trust in the first quarter valued at $34,000. Axiom Investment Management LLC bought a new position in BlackRock Enhanced Equity Dividend Trust in the first quarter worth $39,000. SHP Wealth Management bought a new position in BlackRock Enhanced Equity Dividend Trust in the fourth quarter worth $52,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in BlackRock Enhanced Equity Dividend Trust during the second quarter worth $61,000.

BlackRock Enhanced Equity Dividend Trust Company Profile

BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ) is a closed-end management investment company that seeks to provide current income and capital appreciation by investing primarily in dividend-paying equity securities. The trust pursues an enhanced dividend strategy, focusing on U.S. large-capitalization common stocks with a history of dividend payments. To augment income generation, BDJ may also employ an option overlay strategy, writing covered call options on select securities or indices.

Since commencing operations in 2006, BDJ has been advised by BlackRock Fund Advisors, one of the world’s largest asset managers.